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Chengwei Capital

Asia, Shanghai, China, Shanghai

Description

Chengwei Capital is a venerable venture capital firm based in Shanghai, China, with a rich history dating back to its founding in 1999. As one of China's earliest and most established VC players, the firm has played a pivotal role in the country's burgeoning technology and innovation landscape. Over more than two decades, Chengwei Capital has built a reputation for identifying and nurturing high-growth potential companies across various stages, from early-stage ventures to more mature growth-stage enterprises. The firm has successfully raised approximately $1.4 billion in total capital across multiple funds, demonstrating significant financial capacity and investor confidence.

Chengwei Capital's investment strategy is characterized by a long-term perspective and a focus on sectors poised for substantial growth within China and globally. While specific sector focuses can evolve, the firm has historically shown strong interest in technology, consumer services, and healthcare. They are known for their hands-on approach, often providing strategic guidance and operational support to their portfolio companies beyond just capital injection. This comprehensive support system aims to accelerate the development and market penetration of their investments, fostering sustainable growth and market leadership.

The firm boasts an impressive track record of successful investments and exits, underscoring its acumen in venture capital. With over 100 investments to its name, Chengwei Capital has been an early backer of some of China's most iconic companies. Its portfolio includes legendary names such as Baidu, Alibaba, Ctrip, and Focus Media, many of which have grown into industry giants. The firm has achieved over 30 successful exits, a testament to its ability to pick winners and navigate complex market dynamics to deliver strong returns for its limited partners.

Chengwei Capital continues to be an influential force in the Chinese venture capital ecosystem, leveraging its deep industry knowledge, extensive network, and proven investment methodology. Its enduring presence and consistent performance solidify its position as a key partner for ambitious entrepreneurs seeking to scale their businesses in one of the world's most dynamic markets. The firm's strategic vision and commitment to fostering innovation remain central to its ongoing success.

Investor Profile

Chengwei Capital has backed more than 34 startups, with 2 new investments in the last 12 months alone. The firm has led 10 rounds, about 29% of its total and boasts 9 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series B, Series A, Series C rounds (top funding stages).
  • Majority of deals are located in China, United States.
  • Strong thematic focus on Manufacturing, Health Care, Electronics.
  • Led 2 rounds in the past year.
  • Typical check size: $2M – $30M.

Stage Focus

  • Series B (24%)
  • Series A (18%)
  • Series C (18%)
  • Series D (15%)
  • Series Unknown (12%)
  • Series E (6%)
  • Seed (6%)
  • Post Ipo Equity (3%)

Country Focus

  • China (65%)
  • United States (35%)

Industry Focus

  • Manufacturing
  • Health Care
  • Electronics
  • Video
  • Internet
  • Wearables
  • Broadcasting
  • Media And Entertainment
  • Photography
  • Software
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Chengwei Capital frequently co-invest with?

M
North America, California, United States, San Francisco
Co-Investments: 2
Next47
North America, California, United States, Palo Alto
Co-Investments: 2
Farallon Capital Management
North America, California, United States, San Francisco
Co-Investments: 4
Pegasus Tech Ventures
North America, California, United States, San Jose
Co-Investments: 2
Sutter Hill Ventures
North America, California, United States, Palo Alto
Co-Investments: 11
Bessemer Venture Partners
North America, California, United States, San Francisco
Co-Investments: 2
Samsung Ventures
Asia, Seoul-t'ukpyolsi, South Korea, Seoul
Co-Investments: 3
Maverick Ventures
North America, California, United States, San Francisco
Co-Investments: 2
GGV Capital
North America, California, United States, Menlo Park
Co-Investments: 3
Brookside Capital
North America, California, United States, San Francisco
Co-Investments: 4

Which angels does Chengwei Capital often collaborate with?

OD
Europe, England, United Kingdom, London
Shared Deals: 2

What are some of recent deals done by Chengwei Capital?

Noshi Robotics

Shenzhen, Guangdong, China

Noshi Robotics is a company that manufactures planetary roller screws and associated actuator modules.

Industrial ManufacturingManufacturing
SeedDec 3, 2024
MEDSINGLONG

Guangzhou, Guangdong, China

MEDSINGLONG is engaged in the medical equipment supply chain business.

Health CareMedicalMedical Device
Series AOct 25, 2024
Tesseract Medical Research

Napa, California, United States

Tesseract Medical Research is a biotechnology and medical sciences business focused on delivering nutrition to meet unmet needs.

Alternative MedicineBiotechnologyFitnessHealth CareWellness
SeedJun 11, 2024
Amount Raised: $20,000,000
Realibox

Guangzhou, Guangdong, China

Realibox delivers digital designing and cloud platform solutions for enterprises.

3D TechnologyCloud InfrastructureWeb Design
Series ASep 26, 2022
Amount Raised: $13,987,970
Scivita Medical Technology

Suzhou, Jiangsu, China

Scivita Medical Technology is focusing on the image processing R&D and technology innovation of endoscope.

Health DiagnosticsManufacturingMedical Device
Series AApr 26, 2021
Amount Raised: $61,676,047
XAG

Guangzhou, Guangdong, China

XAG is a drone service provider company for agricultural industry.

AerospaceAgricultureDronesFarmingInnovation ManagementManufacturing
Series CNov 16, 2020
Amount Raised: $182,237,881
Baibu

Guangzhou, Guangdong, China

Baibu is a B2B textile trading e-commerce platform.

B2BE-CommerceTextiles
Series DDec 17, 2019
Amount Raised: $300,000,000
Sensely

San Francisco, California, United States

Sensely is a software developer and chatbot-based platform designed to assist insurance plan members and patients.

ChatbotEnterprise SoftwareHealth CareInformation ServicesInternet
Series UnknownOct 28, 2019
Amount Raised: $15,000,000
SiFive

San Mateo, California, United States

SiFive is a platform offering open-source semiconductor technology and software automation.

ElectronicsManufacturingSemiconductorWearables
Series DJun 6, 2019
Amount Raised: $65,400,000
Xiaoduo

Chengdu, Sichuan, China

Xiaoduo is an intelligent customer service robot developer.

Artificial Intelligence (AI)Customer ServiceRobotics
Series BMay 9, 2019
Amount Raised: $10,000,000